Vietnam continues its ambitious infrastructure push with the groundbreaking of a key expressway segment, utilizing a public-private partnership to accelerate completion of the vital North-South corridor.
The Bac Giang Provincial People’s Committee has approved a list of projects seeking investment in urban areas and residential areas in six districts. The northern province is calling for investment in 13 projects on a total of more than 427 ha. To date, 138 projects in new urban areas and residential areas have been approved by the People’s Committee, of which 17 have been completed.
Deputy Prime Minister Le Van Thanh has allowed the Bac Giang Provincial People’s Committee to change the use purpose of 72 ha of rice land in the northern province’s Hiep Hoa district to non-agricultural land to build the JUTECH Industrial Complex.
To attract investors and develop the socio-economy, northern Bac Giang province has proposed investment in a series of transport infrastructure projects, such as Hanoi’s Ring Road No. 5 and an inland port and logistics center to leverage the potential of international rail transit.
Working with leaders from northern Bac Giang province on June 12, Prime Minister Pham Minh Chinh asked the locality to continue to implement three strategic breakthroughs. Holding distinct potential, comparative advantages, and outstanding opportunities, and being rich in resources, Bac Giang is an attractive destination for domestic and international investors. The province ranks ninth in the country in terms of FDI attraction.